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Filecoin

Filecoin (FIL) | The Game Changer MoveHi friends, hope you are well and welcome to the new update on Filecoin (FIL) coin. A death cross and rising wedge formation: On the daily time frame chart, the price action of Filecoin is moving in a rising wedge pattern. There is also a death cross between 200 simple moving average and 50 SMA formed above the rising wedge pattern. This death cross is considered a strong bearish signal among the trader’s community. This situation put pressure on the price action and pushed price action to the support of the rising wedge. Now the priceline of the FIL is likely to have a bounce by the support of the rising wedge. If the price action will be reached the resistance then it will be approximately upto $69, which is more than 17% move. The rising wedge pattern is also considered as a bearish reversal pattern. But there is also another bullish reversal pattern formed which we will discuss later in this article, which can stop the price action to break down the support of this rising wedge. Big rally and rejection from resistance: From January to April 2021, the price action of Filecoin has surged more than 950%. Finally, priceline of FIL found strong resistance at $200 and after several rejections finally, the price action moved down and broke down the $160, $130, $95, and $65 support levels. Now the price action has found strong support at $45 and moving between $45 support and $65 resistance. Big harmonic BAT pattern flashed: While the price action is getting bounced by the support of the rising wedge pattern and having firm support of $45 as well. At the same time the price action has formed a big bullish reversal harmonic BAT pattern and moving in the buying zone on of this BAT. The buying and sell targets of this bit BAT are as below: Buy between: $66.66 to $44.84 Sell between: $118.70 to $196.82 The maximum extent of potential reversal zone $44.84 can be used as stop loss. As per the above targets, this trade has a huge profit possibility of 338%, and the loss possibility is 33%. But at the moment it is a low-risk trade, coz the price action is already at the end of the buying zone. Conclusion: The price action of Filecoin has formed a bearish reversal pattern on the daily time period but if we compare this bearish reversal pattern with bullish reversal harmonic BAT, then the BAT is stronger than this rising wedge. Because the harmonic BAT has been formed on the 4 day chart where as the rising wedge is on the smaller time frame. The price action most of the times follows the signal of the bigger rather than the smaller time frames.
Long
by moon333
Filecoin (FIL) - June 30Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (FILUSD 1W Chart) We should see support at the 53.9757257 point and see if we can move higher. It remains to be seen if it can move above the 80.6099386 point and turn into an uptrend. (1D chart) We need to climb to the 63.0641658-77.2759855 section and see if we can find support. If it rises in the 63.0641658-77.2759855 section, it is expected to turn into an uptrend. However, in order to accelerate the uptrend, it must break out of the downtrend line. If it does go down, you should watch to see if it follows an uptrend line. ------------------------------------- (FILBTC 1W chart) We need to see support at the 0.0015437 point and see if we can move higher. It needs to move above the 0.0019810 point to continue the uptrend. (1D chart) We will have to wait and see if we can sustain the price in the 0.0014371-0.0018899 range to turn into an uptrend. To accelerate the uptrend, you need to break out of the downtrend line. If it does, we should see support from the 0.0012107-0.0014371 zone and see if it can move up along the uptrend line. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:FILUSD
by readCrypto
FIL / BTC - Filecoin has Broken out of Macro and Micro TrendsFIL / BTC has broken out of both downtrends, on the micro and macro levels. Both break-outs attempted re-tests unsuccessfully (failed touching the top of the break out area, both times, especially strong on the macro trend break out), making it look strong vs. BTC pairing. Next resistances are the red boxes, support is green. Expecting we see at least 0.002 or just below that barring no move below the green box. A break above 0.002 and the micro channel could send us back into the bigger red box. right red box may be a strong stopping / testing area if we get back within it. If we get above that area as well, we can start to think about significantly higher movement.
Long
by dudebruhwhoa
3
Filecoin (CRYPTO: $FIL) Looks Juicy Halfway Thru 2021! 🍒🍒🍒What Is Filecoin (FIL)? Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime. Who Are the Founders of Filecoin? Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects. What Makes Filecoin Unique? Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor. Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible
Long
by Bullishcharts
7
FIL / BTC still in the same uptrend it began in MarchWeird chart here, a bit unconventional - but... if you draw trend lines along the current 30 min chart pattern's top and bottom, and again along the 4H chart in the same two areas: - it connects back to pivot points along the uptrend from back in March. It looks like we should've continued by forming a parallel uptrend from there, but instead of this slow and steady uptrend forming within a channel; with the anticipation of strong continuation, it rose significantly above where we should've and has now corrected. So, now - we've corrected back down within the channel that should've formed to begin with. It is slowly beginning to tighten, and may yet get broken above again. Let's see what happens. At the least, I expect we touch the top two trend-lines again, and then continue to move within the channel... if we don't break above it fairly quickly after touching the top again.
Long
by dudebruhwhoa
3
Filecoin (FIL) - June 9Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (FILUSD 1W Chart) If the price holds above the 53.9757257 point, it is expected to maintain an uptrend. (1D chart) To convert into an uptrend, it needs to rise above the 88.8888797 point and find support. We need to see if we can find support at the 63.0641658-77.2749855 zone and move forward along the uptrend line. If it falls in the 47.1490963-53.9757257 range, careful trading is necessary as it enters the long-term investment area. ------------------------------------- (FILBTC 1W chart) If the price holds above the 0.0015437 point, it is expected that the uptrend will continue. (1D chart) In order to continue the uptrend, we need to see if there is any movement outside the downtrend line. If it falls from the 0.0018899 point, you need a Stop Loss to preserve your profit. However, it can touch the 0.0015437 point and can rise, so trade cautiously. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:FILUSD
by readCrypto
FIL / BTC - Potentially Strong Gains vs BTCFilecoin may complete an inverted head/shoulders here, with TP 1 and 2 visible as dark grey lines near the top of the chart. Volume has just begun coming in on the weekly chart, and it's clearly shown up in a big way. It looks quite similar to Ethereum prior to its move against BTC (and its new ATH vs USD). Ethereum weekly chart made an inverted head and shoulders, it had a fake breakout and then fell back below the neckline before finally breaking out for the real run. Filecoin could've been drawn exactly the same way before it made its initial move to its all-time high. Keep an eye on this one, it may just be getting started, and the previous high may have just been a small preview of what's to come. The wick on the weekly candle chart from when it exited the initial HSi was insane, see below:
Long
by dudebruhwhoa
1
FILECOIN:PRICE ACTION ANALYSIS|IS THIS READY FOR LONG IMPULSE ?⭐Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime. Who Are the Founders of Filecoin? Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects. What Makes Filecoin Unique? Filecoin aims to store data in a decentralized manner. Unlike cloud storage companies like Amazon Web Services or Cloudflare, which are prone to the problems of centralization, Filecoin leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor. Decentralized storage systems like Filecoin allow people to be their own custodians of their data, as well as makes the web more accessible to people worldwide. Since participating in the Filecoin network by mining and storing is directly related to winning more block rewards, Filecoin incentives participants to act honestly and store as much data as possible Related Pages: Check out CMC Alexandria’ deep dive into Filecoin. We’ve also prepared a list of the 5 things that decentralized storage aims to fix. See terms you don’t know? Check out our glossary on Alexandria. How Many Filecoin (FIL) Coins Are There in Circulation? Protocol Labs describes Filecoin’s tokenomics, or economic model, as a “market for data” where users can sell their storage space to other users, who are looking to rent. Five stakeholders will be able to trade tokens: developers, clients, miners, token holders and ecosystem partners. There will also be three Filecoin markets, according to Protocol Labs: file storage, file retrieval and on-exchange token trading. In fall 2020, 400 miners participated in what was called the “Space Race” testnet phase, increasing Filecoin’s network data capacity by over 325 pebibytes; approximately 3.5 million FIL tokens will be released to the Space Race participants. How Is the Filecoin Network Secured? Filecoin is secured through proof-of-replication and proof-of-spacetime. In the Filecoin network, nodes that are also known as retrieval miners are in competition to serve clients with data as quickly as they can. They are then rewarded with FIL fees, which encourages a network of nodes that want to replicate and preserve files. Storage miner nodes are constantly competing for contracts to provide storage to clients to a specific length of time. When a storage miner and their client agree on a deal, the storage miner holds the client’s data in a sector and “seals” it to create a unique copy of that sector’s data. Storage miners are rewarded with FIL by clients as deal fees, and these miners can also mine blocks and receive a block reward. Where Can You Buy Filecoin (FIL)? Ahead of the Filecoin mainnet launch, Gemini and Kraken have announced support for FIL. Huobi will list FIL after the mainnet goes live. For more information about buying crypto, see CoinMarketCap’s easy guide here. Our most recent articles about Filecoin: Filecoin Suffered a Short-Selling Attack, Application Tokens on Public & Non-Trading Chains Led the Market: TokenInsight Weekly Market Review What Is Web 3.0? A Deep Dive Into Tokenization CoinMarketCap's 2020 Round-Up: The Good, The Bad and The Bitcoin 5 Things That Decentralized Storage Aims to Fix
COINBASE:FILUSDLong
by FOREXN1
9